Canara HSBC Life Insurance IPO Final Day
The initial public offering (IPO) of Canara HSBC Life Insurance Co.Ltd has entered its final day of public bidding, with an overall subscription of 29% so far.
The company aims to raise Rs 2,517.50 crore through the offer for sale of 23.75 crore equity shares, with Canara Bank holding a 51% stake and HSBC Insurance (Asia-Pacific) Holdings owning 26%.
- IPO details:
- Issue size: 23.75 crore equity shares
- Target valuation: about Rs 10,000 crore
- Basis of allotment: expected to be finalised on October 15, 2025
- Listing date: October 17, 2025
- Subscription status: 29% subscribed, with 4.88 crore shares bid for out of the total shares on offer by 11 am.
No specific investment advice is provided in the text.
Author's summary: Canara HSBC Life Insurance IPO sees 29% subscription on final day.
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